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Judge unseals part of Trump affadavit; China, Russia leaders to attend G20; MSG explores spin-off

Yahoo Finance Video

Notable business headlines include a federal judge saying part of the Mar-a-Lago FBI raid affidavit can be unsealed, China's President Xi and Russian President Putin attending G20 in Indonesia, and MSG Entertainment seeking to explore a spin-off business.

Video Transcript

JULIE HYMAN: Let's get down to business now. A look at three stories making waves in business today. First up, a federal judge says parts of the affidavit used to obtain a search warrant for former president Donald Trump's Mar-a-Lago residence can be unsealed. That's according to NBC News. The move comes despite requests from the Department of Justice not to unseal that document over fears it could affect national security. President Trump, he's called for the affidavit to be released unredacted. But he has not yet filed a motion asking for it. And it seems like if it does get released, it will, indeed, be redacted.

Chinese President Xi Jinping and Russian President Vladimir Putin are both set to attend a G20 summit in Bali, Indonesia. That's according to Indonesian president Joko Widodo in an interview with Bloomberg. The two leaders have reaffirmed a partnership, even as Russia continues its invasion of Ukraine. President Xi, meanwhile, is heading into a special party Congress in November, where he's expected to secure an unprecedented third term, consolidating his hold on power. The G20 is also set to happen that month.

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And MSG Entertainment, the holding company behind iconic entertainment venues, like New York City's Madison Square Garden and Radio City Music Hall, is considering spinning off its live entertainment business. That spinoff would also include its long-term arena license and performance agreements, for instance, the Radio City Rockettes, the New York Knicks, and New York Rangers at Madison Square Garden. Those shares have been rising on that news. Sozz?

BRIAN SOZZI: Maybe that'll help Knicks win a championship-- long, long overdue.